Together we'll build your property portfolio
We have a team that specialises in buy to let mortgages and getting you the best rates out there – they know all about the current regulations and how each lender ‘stress tests’ your portfolio.
Looking for a buy to let mortgage and not sure where to start. You are not alone. The rules are different to a normal residential mortgage, and it can feel like you have wandered into a maze shrouded in mist.
A buy to let mortgage is a loan specifically for buying a property you intend to rent out, not live in. Lenders look hard at the rent the property can generate, the costs involved and your wider financial position. That is where a good buy to let mortgage broker comes in.
At Coreco, we work with landlords and investors every day. Our job is to help you choose the right buy to let mortgage, explain what the lenders are really looking for and structure things around your long-term plans. Whether you are buying your first rental flat or adding to a busy portfolio, you get clear, tailored advice rather than a generic tick box approach.
The buy to let mortgage journey with Coreco
Here is how a typical buy to let mortgage journey with Coreco looks, from first idea to tenants moving in.
Initial chat
Decision in principle
Offer accepted and full application
Legals and completion
Getting tenants in
We start with your goals. Are you buying for income, long term growth or both. Are you planning one property or building a larger portfolio. We talk through budget, deposit, likely rent and whether you should buy personally or via a company.
We source suitable buy to let mortgage options and secure an agreement in principle so you know what you can realistically offer when you find a property.
Once your offer is agreed, we handle the full buy to let mortgage application, manage the paperwork, liaise with the lender’s underwriters and arrange the valuation.
We work alongside your solicitor to keep things on track and keep you updated until your buy to let mortgage completes and you get the keys.
If you need introductions to letting agents, help setting a realistic rent or guidance on landlord insurance, we can point you in the right direction, so the property is ready for tenants.
Why use Coreco as your buy to let mortgage broker
As a whole of market buy to let mortgage broker, Coreco can access a wide range of lenders and products, including some that only deal through brokers.
We:
- Help you choose the right buy to let mortgage structure
- Package and present your application to fit lender criteria
- Negotiate and smooth out issues along the way
- Support you as you grow and manage your property portfolio
If your plans move into more specialist or commercial territory, we can introduce you to colleagues within the wider Coreco group who deal with complex and commercial property finance every day.
In short, you bring the ambition, and we bring the buy to let mortgage expertise, so your investment feels planned rather than left to chance.
First time landlord buy to let mortgages
A First time landlord can be forgiven for feeling a little imposter syndrome, which is perfectly normal. Many lenders treat first time landlords differently to seasoned investors. They might ask for:
- Stronger personal income
- Larger deposits
- Evidence you understand the responsibilities of being a landlord
We help first time landlords understand whether the numbers on their first buy to let mortgage really stack up. That means looking at local rental demand, likely rent, costs, potential void periods and how it all fits with your wider plans.
Professional landlord mortgages
If you already have several properties, your needs are different. Lenders start looking at your whole portfolio rather than just the one property in front of them. They care about overall loan to value, rental coverage across the board, and how concentrated you are in certain locations or property types.
Coreco works with professional landlords to:
- Refinance existing buy to let mortgages for better terms
- Release equity for further purchases
- Restructure borrowing as tax rules and regulations change
Limited company buy to let mortgages
More landlords are now buying property through a limited company. A limited company buy to let mortgage is in the company name, usually supported by personal guarantees from the directors or shareholders.
Limited company buy to let mortgages can offer potential tax advantages for some investors, but rates, fees and criteria can differ from personal borrowing. Lenders have their own views on company structures, SIC codes, shareholders and how long the company has been trading.
We work closely with you and your accountant so that your buy to let mortgage set up matches your tax planning.
Key considerations for buy to let mortgages
Eligibility requirements
Each lender has its own rules, but common buy to let eligibility points include:
- Minimum age and UK residency
- Minimum income thresholds
- Acceptable credit history
- Sometimes, existing home ownership
We match your profile to the right buy to let lender, so you do not waste time applying where you are unlikely to fit.
Documents and paperwork
For a typical buy to let mortgage application you can expect to provide:
- Proof of identity and address
- Payslips or accounts and tax returns
- Bank statements
- Details of existing mortgages and loans
If buying through a limited company, you will usually need company documents as well. We give you a clear checklist up front.
Additional costs
On top of your buy to let mortgage, allow for:
- Stamp duty, (an additional property brings with it additional Stamp Duty charges), and legal fees
- Valuation and survey costs
- Letting and management agent fees
- Safety certificates and insurance
- Repairs and ongoing maintenance
A rental property that only works if nothing ever goes wrong is a risk. We help you budget realistically.
Rental income and affordability
For buy to let mortgages, rental income is king. Lenders use rental stress tests to check that the rent comfortably covers the mortgage at a stressed interest rate. They may also factor in tax and void periods.
We help you:
- Estimate realistic rental income
- Check properties against lender stress tests
- Understand how different products affect rental calculations
This means you can see whether a potential buy to let stacks up before you offer.
Deposit requirements
Most buy to let mortgages need a larger deposit than a residential mortgage. The deposit size affects:
- The maximum loan available
- The buy to let mortgage rates on offer
- The range of lenders willing to consider the case
- Deposits might come from savings, equity in your home or equity in other rental properties. We will link from here to a full guide on buy to let mortgage deposits.
Interest rates and products
Buy to let mortgage products include:
- Fixed rate mortgages for payment certainty
- Variable or tracker rates where you accept some rate movement
- Interest only or capital repayment options
The right product depends on your strategy, time horizon and risk appetite. We explain the pros and cons and make sure the product choice suits the investment, not just the headline rate.
Tax implications
Tax can have a big impact on your return:
- Income tax on rental profits
- Reliefs and allowable expenses
- Capital gains tax when you sell
- Different treatment for personal vs limited company ownership
We flag the key issues, but Coreco does not give tax advice. We strongly recommend speaking to an accountant alongside taking buy to let mortgage advice from us.
Latest buy to let regulations and EPC changes
The buy to let world does not stand still. Rules around mortgage affordability, landlord responsibilities and Energy Performance Certificate ratings continue to evolve. There are also ongoing discussions about minimum EPC standards for rented property and changing local licensing schemes.
A big headline change for landlords is the Renters Rights Bill, now the Renters Rights Act. This legislation will phase in major reforms such as the end of Section 21 no fault evictions, a move towards more secure periodic tenancies and tighter rules around rent rises, property standards and discrimination against tenants on benefits or with children. All of this feeds directly into landlord strategy, how long you plan to hold a property and the way you manage risk and cash flow.
Important information
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.
Latest buy to let mortgage offers
We know you’re curious so we’ve picked out some of today’s best mortgage rates to give you an idea which lenders and interest rates could be available to you.
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Initial rate
Overall cost for
comparison
Latest mortgage best buys
Based on a property value of £300,000 with a mortgage of £180,000.
Buy to let guides
Keep up to speed with the latest buy to let changes with our jargon-busting mortgage guides.
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Vicky W
"We honestly cannot thank Jules enough… We honestly cannot thank Jules enough for everything he did..."
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Vicky W
We honestly cannot thank Jules enough…
We honestly cannot thank Jules enough for everything he did for us throughout what was an extremely stressful and complicated mortgage process. From start to finish, Jules was proactive, knowledgeable and completely committed to getting our mortgage over the line. Our case was far from straightforward, tight deadlines, ongoing solicitor issues, valuation uncertainty, and constant pressure around Christmas, yet Jules remained calm, persistent and reassuring throughout. He chased the lender relentlessly, kept us updated whenever possible, and went above and beyond to push things forward, even using his contacts to try to speed matters up. When things felt uncertain or overwhelming, Jules took the time to explain where we were in the process and what realistically could (and couldn’t) happen, which helped us stay grounded during a very anxious time. Thanks to his determination and expertise, we secured our mortgage offer and are now in a position to move forward,something that honestly didn’t feel possible at times. We genuinely don’t think this would have happened without Jules’ hard work and dedication. If you are looking for a broker who truly cares, fights your corner and doesn’t give up when things get difficult, we couldn’t recommend Jules highly enough.
Mark W
"Sophie and David have been very helpful… Sophie and David have been very helpful in my..."
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Mark W
Sophie and David have been very helpful…
Sophie and David have been very helpful in my mortgage review. Would happily recommend
Simon
"Great service Just completed my fourth buy-to-let remortgage with the help of Coreco. This was trickiest..."
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Simon
Great service
Just completed my fourth buy-to-let remortgage with the help of Coreco. This was trickiest of them all due to ever-changing demands from the lender but Sangeeta and Sophie played a blinder in getting it over the line. The communication throughout the process was also first-class.